Fair trade regulator Competition Commission of India (CCI) has imposed a total penalty of Rs 38 crore on 18 sugar mills and two associations for unfairly fixing the bids of a joint tender floated by state-run oil marketing companies in 2013, the government said on Tuesday.   A Finance...
Market regulator Securities and Exchange Board of India (SEBI) has decided not to not settle any proceedings against a wilful defaulter, a fugitive economic offender or someone who has defaulted in payment of any fees due or penalty imposed under securities laws. In addition, SEBI said it...
Market regulator Securities and Exchange Board of India (SEBI) has said that the National Stock Exchange (NSE) has filed fresh consent application in the co-location or Algo trading scam.    Speaking with reporters, SEBI chairman Ajay Tyagi, said, "We have already issued about 28-30...

Based on the forensic audit reports in the algo scam, enforcement proceedings have been initiated against the National Stock Exchange (NSE), its past and present officials, stock brokers and other connected entities, says the ministry of finance.   Subhash Chandra Garg, secretary in...
Market regulator Securities and Exchange Board of India (SEBI) has reportedly asked five top officials from National Stock Exchange (NSE) to 'stay out of action' in the co-location or Algo trading scam. These officials include Ravi Varanasi, NSE's chief of business development, Suprabhat...

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